According to the report published by Allied Market Research, the global pediatric radiology market generated $5.6 billion in 2021, and is estimated to reach $8.8 billion by 2031, witnessing a CAGR of 4.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Covid-19 Scenario:
The outbreak of the COVID-19 pandemic caused a significant decline in the growth of the global pediatric radiology market, due to the implementation of lockdown in many countries.
The pharmaceutical industry faced challenges to focus on R&D activities, including the development of pediatric radiology. The entire healthcare industry focused on life-saving and COVID-19-related products during the pandemic.
There were delays in product approvals and launches which further restricted the expansion of the market. Furthermore, most of the clinical trials were postponed to avoid the spread of infections, which slowed down the drug development process. However, the market is gradually recovering in the post-pandemic.
Which market perspectives are enlightened in the Pediatric Radiology Market report?
Executive Summary: It covers a summary of the most vital studies, the Worldwide Pediatric Radiology Market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: This covers major players, vital market segments, the scope of the products offered in the Pediatric Radiology Market, the years measured and the study points.
Competitive Analysis: In this segment each player is screened based on a products, services, value, SWOT analysis, growth and other significant features.
Geographic Analysis: This Pediatric Radiology Market report analyses data on the basis of production, sales, imports & exports, and key players in all regional markets.
Pediatric Radiology Market Segments and Sub-segments:
The report offers a detailed segmentation of the global pediatric radiology market based on type, application, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the magnetic resonance imaging (MRI) segment is expected to manifest the highest CAGR of 5.2% from 2022 to 2031. However, the others segment held the largest share in 2021, contributing to more than two-fifths of the global pediatric radiology market, and is likely to maintain its leadership status during the forecast period. The report also analyzes the ultrasound segment.
Based on application, the cardiology segment is estimated to witness the fastest CAGR of 5.7% during the forecast period. However, the others segment held the largest share in 2021, accounting for more than one-third of the global pediatric radiology market and would rule the roost through 2031. The report also provides an analysis of oncology, orthopedics, and other segments.
Based on end user, the hospitals segment held the largest share in 2021, accounting for more than three-fifths of the global pediatric radiology market, and would rule the roost through 2031. However, the specialized clinics segment is estimated to witness the fastest CAGR of 5.3% during the forecast period.
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Based on region, the market in Europe was the largest in 2021, accounting for nearly one-third of the global pediatric radiology market, and is likely to maintain its leadership status during the forecast period. However, Asia Pacific is expected to manifest the highest CAGR of 5.7% from 2022 to 2031. The other regions analyzed in the study include North America and LAMEA.
Leading players of the global pediatric radiology market analyzed in the research include Fujifilm Holdings Corporation, Canon Medical Systems, Samsung Electronics Co., Ltd., AgfaHealthcare, Carestream Health, Inc., Hitachi Healthcare, Medtronic Plc., Canon Medical System, Siemens AG, and Canon Inc.
The report analyzes these key players of the global pediatric radiology market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
KEY FINDINGS OF THE STUDY:
By type, the magnetic resonance imaging (MRI) segment was the highest contributor to the market in 2021.
By application, the orthopedics segment was the highest contributor to the market in 2021.
By end users, the hospitals segment was the highest contributor to the market in 2021
Region wise, Europe garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the significant CAGR during the forecast period.
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Key Questions Answered:
Q1. What is the total market value of the pediatric radiology market report?
Q2. What would be the forecast period in the market report?
Q3. Which is the largest regional market for Pediatric Radiology?
Q4. What is the market value of the pediatric radiology market in 2022?
Q5. Which are the top companies to hold the market share in Pediatric Radiology?
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We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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